Bitcoin Poised for Breakout, Analyst Kevin Svenson Predicts
- Kevin Svenson suggests Bitcoin may break out from a downtrend starting December 2024.
- The Relative Strength Index (RSI) indicates a confirmed breakout above horizontal resistance.
- The Moving Average Convergence Divergence (MACD) shows bullish momentum for Bitcoin.
- A bullish ascending triangle pattern on the three-day timeframe suggests a potential 13% rise.
- Svenson estimates Bitcoin could reach $98,000, recovering from previous losses.
According to Kevin Svenson, technical indicators like RSI and MACD suggest Bitcoin is poised for a significant breakout, potentially reaching $98,000 as it recovers lost ground. Currently, Bitcoin trades at $86,551.
Source (2.6)https://dailyhodl.com/2025/03/28/massive-bitcoin-breakout-incoming-over-the-near-term-according-to-analyst-kevin-svenson-here-are-his-targets/?rand=59076
